You will earn Cashback at the rate of 1.5% for purchases of goods and services on your Account, subject to the Cashback Terms and Conditions and any promotional offer we make. The Cashback is calculated on the value of each purchase multiplied by the Cashback rate and the value of each purchase will be rounded off to the nearest dollar before Cashback is calculated. The final Cashback amount for each purchase will be calculated as the exact digits in the first two decimal places. We reserve the right to retract, deduct and/or re-compute any Cashback amount in cases where we, in our absolute discretion, deem that there is an abuse of the Cashback program.
3% Cashback Welcome Bonus
As a welcome bonus, you will earn Cashback at the rate of 3% on up to a total of S$5,000 of purchases of goods and services made on your account (which shall include both spending by you and your Supplementary Card Members) in the first 6 months of your American Express True Cashback Card Membership, subject to the other Cashback Terms and Conditions and any promotional offer we make. When the Cashback rate of 3% applies to a purchase of goods or services during the welcome bonus period, the Cashback rate of 1.5% will not be applied in addition to the Cashback rate of 3% to the same purchase. Purchases of goods and services in excess of S$5,000 during the welcome bonus period will earn Cashback at the standard rate of 1.5%, subject to the other Cashback Terms and Conditions and any other promotional offer we make.
1% Additional Cashback for Foreign Currency Spend
You will earn an additional 1% Cashback for purchases of goods and services made in Foreign Currency on your account on top of the 3% Cashback Welcome Bonus or 1.5% Cashback thereafter. Purchases can be made in-person, in-app or online. Foreign currency means any currency other than Singapore Dollars. If your payment is converted to Singapore Dollars before being submitted to us (for example, if the merchant gives you the option of converting the transaction to Singapore Dollars at the point of sale), it will not be eligible for the additional Cashback. The additional 1% Cashback on Foreign Currency spend will be credited per qualifying transaction. Registration is required, please visit amex.co/tcbfcs for details.
Earn an additional 1% Cashback on Essential Bills
Register your Card to enjoy additional 1% Cashback on your recurring bills for selected essential services, this will be on top of the 3% Welcome Bonus or 1.5% Cashback thereafter. Registration required, valid till 31 December 2020.
Cashback will be paid to you by crediting your Account and included in your monthly statement. We will only credit your Account if it is in good standing and not overdue. No Cashback will be earned in respect of interest, charges, fees (including annual fees and late payment fees), balance transfers, instalment plans or converted balances (from both American Express and other issuers), cash advances (including transactions treated as cash), loading of pre-paid cards, American Express Travellers Cheque sales or foreign exchange transactions. A negative adjustment will be made to your Cashback balance if there are any credits posted to your account including those arising from returned goods or services or from billing disputes calculated in the same way as you earn Cashback.
Please refer to the Cashback Terms and Conditions section in the Card Member Agreement for more details.